This prime 2.68-acre Zoned R-3/High-Density Residential with 424 +/- feet of road frontage could potentially allow for the approval of up to 48 units, making it ideal for a multi-family or townhome project. The property is clear and ready for development, having previously housed a commercial building that was removed in 2009. The entire lot is high and dry with City of Leesburg utilities available at the street. Leesburg, FL, has experienced substantial growth, leading to increased demand for affordable housing. This demand is further fueled by several large employers situated near the property. The 48-unit apartment complex just to the west of this property is also available for purchase. This exceptional property presents a rare development opportunity you will not want to miss. Call today for more information!
Listing Courtesy of: CARLINO REAL ESTATE GROUP INC
352-326-2662
| Listing Id: | G5116812 |
|---|---|
| List Price: | $475,000 |
| Property Type: | Land |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Tax Annual Amount: | $10,484 |
| Lot Size Square Feet: | 116,741 |
| Lot Size Acres: | 2.68 |
| Waterfront?: | No |
| City: | Leesburg |
| County Or Parish: | Lake |
| Subdivision Name: | Leesburg N C Lee Estate |
| Postal Code: | 34748 |
| Building Area Units: | Square Feet |
| Current Use: | Multi Family |
| Directions: | From the turnpike head north on Hwy 27, turn right on Dixie Ave, Left on N Canal St, left on Hwy 441, right on 3rd st , and a left on Oak Terrace Dr. |
| Ownership: | Fee Simple |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 2.68 |
| Lot Size Dimensions: | 424x276 |
| MLS Area Major: | 34748 - Leesburg |
| MLS Area Major: | 34748 - Leesburg |
| Original List Price: | $475,000 |
| Parcel Number: | 23-19-24-1100-000-00443 |
| Township: | 19 |
| Road Frontage Type: | City Street |
| Road Surface Type: | Asphalt |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2024 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Sewer Nearby, Water Nearby |
| Water Source: | Public |
| Public Survey Range: | 24 |
| Public Survey Section: | 23 |
| Zoning: | R-3 |
| Alternate Key Folio Num: | 3808910 |
| Calculated List Price By Calcula: | 4.07 |
| Current Adjacent Use: | Multi-Family |
| Flood Zone Code: | X |
| Flood Zone Date: | 2012-12-18 |
| Flood Zone Panel: | 12069C0309E |
| For Lease Yn: | No |
| Front Footage: | 424 |
| Listing Exclusion Yn: | No |
| Lot Size Square Meters: | 10846 |
| Price Per Acre: | 177239 |
| Road Frontage Ft: | 424 |
| Sdeo yn: | No |
| Total Acreage: | 2 to less than 5 |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 352-326-2662 |
| Originating System Name : | Stellar MLS |
| Designated Builder Yn: | No |
| Listing Contract Date: | 2026-08-22 |
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Property Last Updated: October 08, 2026 05:28 PM - ET
